Novo Integrated Sciences (NVOS) just unveiled an announcement.
Novo Integrated Sciences, Inc. has announced the initiation of funds disbursement from a Standby Letter of Credit, marking a key financial milestone for the company. The initial payment has set the stage for a final advance, with total expected gross funding to reach approximately $78 million. Shareholders can anticipate the final distribution of funds by August 2, 2024, signaling a significant boost in the company’s financial positioning. This strategic financial move is set to enhance the company’s liquidity and drive future growth initiatives.
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